QUALCOMM Incorporated Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Fair Value Measurements (Tables)

Fair Value Measurements (Tables)

12 Months Ended

Sep. 30, 2012

Notes to Financial Statements [Abstract]

Fair value hierarchy for assets measured at fair value on a recurring basis [Table Text Block]

The following table presents the Company’s fair value hierarchy for assets and liabilities measured at fair value on a recurring basis at September 30, 2012 (in millions):



	Level 1		Level 2		Level 3		Total
Assets
Cash equivalents (1)	$	819	$	1,899	$	—	$	2,718
Time deposits	—		47		—		47
Marketable securities
U.S. Treasury securities and government-related securities	812		592		—		1,404
Corporate bonds and notes	—		12,583		—		12,583
Mortgage- and asset-backed securities	—		1,315		203		1,518
Auction rate securities	—		—		118		118
Common and preferred stock	1,222		865		—		2,087
Equity funds	1,126		—		—		1,126
Debt funds	1,958		2,236		—		4,194
Total marketable securities	5,118		17,591		321		23,030
Derivative instruments	—		18		—		18
Other investments	197		—		—		197
Total assets measured at fair value	$	6,134	$	19,555	$	321	$	26,010
Liabilities
Derivative instruments	$	—	$	11	$	—	$	11
Other liabilities	197		—		—		197
Total liabilities measured at fair value	$	197	$	11	$	—	$	208


(1)	Includes cash equivalents that were classified as held for sale at September 30, 2012.

Fair value hierarchy for liabilities measured at fair value on recurring basis [Table Text Block]

The following table presents the Company’s fair value hierarchy for assets and liabilities measured at fair value on a recurring basis at September 30, 2012 (in millions):



	Level 1		Level 2		Level 3		Total
Assets
Cash equivalents (1)	$	819	$	1,899	$	—	$	2,718
Time deposits	—		47		—		47
Marketable securities
U.S. Treasury securities and government-related securities	812		592		—		1,404
Corporate bonds and notes	—		12,583		—		12,583
Mortgage- and asset-backed securities	—		1,315		203		1,518
Auction rate securities	—		—		118		118
Common and preferred stock	1,222		865		—		2,087
Equity funds	1,126		—		—		1,126
Debt funds	1,958		2,236		—		4,194
Total marketable securities	5,118		17,591		321		23,030
Derivative instruments	—		18		—		18
Other investments	197		—		—		197
Total assets measured at fair value	$	6,134	$	19,555	$	321	$	26,010
Liabilities
Derivative instruments	$	—	$	11	$	—	$	11
Other liabilities	197		—		—		197
Total liabilities measured at fair value	$	197	$	11	$	—	$	208

Activity for marketable securities classified within Level 3 of the valuation hierarchy

The following table includes the activity for marketable securities and other liabilities classified within Level 3 of the valuation hierarchy (in millions):



	2012									2011
	Auction Rate Securities			Other Marketable Securities			Other Liabilities			Auction Rate Securities			Other Marketable Securities			Other Liabilities
Beginning balance of Level 3	$	124		$	27		$	7		$	126		$	18		$	—
Total realized and unrealized gains or losses:
Included in investment income, net	—			5			(7		)	—			2			(1		)
Included in other comprehensive income	—			7			—			2			(1		)	—
Purchases	—			149			—			4			6			—
Issuances	—			—			—			—			—			8
Settlements	(6		)	(28		)	—			(8		)	(6		)	—
Transfers into Level 3	—			43			—			—			8			—
Ending balance of Level 3	$	118		$	203		$	—		$	124		$	27		$	7

- Definition

Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

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- Definition

Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset.

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- Definition

Tabular disclosure of liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). Where the quoted price in an active market for the identical liability is not available, the Level 1 input is the quoted price of an identical liability when traded as an asset.

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